v3.25.4
INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
Intangible assets, net, consisted of the following as of December 31, 2025 and December 31, 2024 (in thousands):
20252024
License cost$1,486 $821 
Less: accumulated amortization(284)(199)
Less: impairments(36)— 
Intangible assets, net$1,166 $622 
Amortization expense of intangible assets was less than $0.1 million for each of the years ended December 31, 2025 and December 31, 2024. Amortization expense for intangible assets with definite lives will be $0.1 million for each of the following five years with the remaining $0.6 million amortized to expense in 2031 and beyond.